PARTNERSHIP AIMED AT INTEGRATING BLOCKCHAIN TECHNOLOGY INTO THE FINANCIAL SERVICES ECOSYSTEM
MADRID and LONDON and NASHVILLE, Tenn., June 15, 2022 /PRNewswire/ — AllianceBernstein Holding L.P. (NYSE: AB), a number one international asset administration agency, and Allfunds Blockchain, the arm of Allfunds (AMS: ALLFG) specialised in blockchain expertise, have introduced a collaboration to adapt AB’s asset providers actions to the blockchain ecosystem.
Allfunds Blockchain’s devoted funds expertise affords the likelihood to remodel operational processes within the fund trade worth chain and supply legacy platforms with effectivity, agility, accuracy, and the elevated security blockchain expertise delivers. AB will join its international operational exercise with the Allfunds platform to Allfunds Blockchain, the place it can take pleasure in all the advantages of the answer, in addition to Allfunds’ international scale and rising providing. The collaboration will supply Allfunds Blockchain options throughout AB’s EU domiciled-global platform.
Ronit Walny, Head of AllianceBernstein’s Funding Innovation Heart, added, “Throughout a number of departments at AB and in partnership with Equitable Holdings, we underwent a deep exploration of the worth that the blockchain expertise unlocks. We anticipate that this expertise will probably be transformative to the asset administration trade, uncovering important transactional efficiencies and enhanced transparency in addition to operational agility that makes funding options obtainable to a broader investor base. We’re dedicated to delivering options that our shoppers favor right now and sooner or later Allfunds Blockchain brings intensive fund trade expertise and insightful and built-in options, and we stay up for partnering with them in our journey to supply options throughout our EU domiciled global-platform.”
Karl Sprules, International Head of Expertise and Operations at AllianceBernstein, added, “Our curiosity in blockchain was born out of an inside, modern ideation workshop, hosted collectively between AB and Equitable Holdings for workers. In 2021, greater than 100 colleagues throughout each organizations participated in this system, working to extend firmwide data of disruptive applied sciences and carefully look at how blockchain and cryptocurrency can be utilized within the monetary providers trade. A 12 months later, we’re excited to announce this integrative collaboration between AB and Allfunds Blockchain, which we consider is a vital step ahead for the way forward for our agency – and throughout the trade.”
Rubén Nieto, Managing Director of Allfunds Blockchain, stated: “We’re very excited to collaborate with one of many main international asset administration companies and ship our bespoke options to such a famend family title like AB. This emphasizes our clear technique to crew up and assist to know the unbelievable advantages of the expertise and our price proposition to all of the actors of the fund trade. It’s about the way forward for the trade vs. the trade of the longer term.”
AllianceBernstein is a number one international funding administration agency that gives high-quality analysis and diversified funding providers to institutional traders, people, and personal wealth shoppers in main world markets. As of Could 31, 2022, AllianceBernstein had $687 billion in property beneath administration. Further details about AB could also be discovered on our web site, www.alliancebernstein.com.
Allfunds Blockchain is a standalone firm throughout the Allfunds Group. Allfunds Blockchain develops a revolutionary expertise with options that haven’t been obtainable in the marketplace to this point, which generate a singular setting of safety, privateness and information governance amongst monetary establishments and permits new capabilities for programming and automating processes by sensible contracts.
Allfunds (AMS:ALLFG) is without doubt one of the main B2B WealthTech platforms for the funds trade, providing totally built-in options for each Fund Homes and Distributors. Allfunds, based in 2000, has constructed and continues to evolve an ecosystem that covers the complete fund distribution worth chain and funding cycle. It stays the only totally built-in one-stop-shop within the trade. As of 31.03.2022 its property beneath administration have been of practically €1.4 trillion.